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Pulished Date February, 2020
ID: 8687
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Railway Wiring Harness Market by Application (HVAC, Lighting, Traction System, Infotainment), by Cable Type (Power Cable, Transmission Cable, Jumper Cable, Others), by Component (Wires, Terminals, Connectors, Others), by Material (Metro/Monorail, Light Rail, High Speed/Bullet Train), by Train Type (Metro/Monorail, Light Rail, HRS), by Voltage (High, Low), and Region - Global Forecast to 2023

Pulished: February, 2020
ID: 8687
Pages: 175

Market Overview:

The railway harness market is estimated at $2.36 billion in 2018. By 2023, growth of $1201 billion is expected. This corresponds to an average annual rate of 8.62% from 2018 to 2023. The main growth factors More and more new railways are growing in the market. Projects and growing demand for applications and advanced features in one go.

Recent developments:

  • May 2018: Furukawa set up a new fiber optic cable manufacturing facility in Morocco to strengthen its commercial activities in the EMEA market (Europe, Middle East, and Africa). The plant will serve as the production center for Furukawa Electric and is the first such center in Africa.
  • March 2017: Motherson Sumi Systems Ltd (MSSL) acquired PKC Group Plc, the global automotive component based in Finland, for approximately 571 million euros. With this step, the company will significantly expand its presence in the market segments of American and European commercial and rail vehicles.
  • January 2018: Hitachi Cable, a division of Hitachi Ltd., unveiled its Hitachi Cable America (HCA) high-speed data connectivity solutions 56G and 112G PAM4 at DesignCon 2018 in Santa Clara, California.
  • December 2017: Furukawa Electric LatAm, a subsidiary of Furukawa Electric Group, has built a new production plant in Mexico to focus on manufacturing solutions for the communications market. The first phase of operations will focus on the production of fiber optic access cables and strands.

Market value and expected growth:

Developed countries have launched plans to develop driverless train networks, which are expected to boost growth in the transport sector. Countries like China, India, South Korea, the United States, the United Kingdom, Mexico, Brazil, and South Africa want to revolutionize their rail networks with the introduction of trains without a driver. Rail manufacturers are expanding geographically by investing in infrastructure to produce trains without drivers. In developed regions, such as North America and Europe, railway safety and protection are improved by upgrading trains and replacing existing systems with advanced systems. This adaptation and the use of new trains without drivers require a lot of wiring, which creates a great opportunity for the growth of the market for railway cable harnesses. In the European region, for example, a new initiative called the Fourth Railway Package was launched to create a unique European railway area with structural and technical reforms. The railway harness market is expected to grow at a CAGR of 8.62% over the forecast period. The market was $2.36 billion in 2018 and is expected to reach $4.01 billion by 2023.

Market Drivers and Restrictions:

Rapid urbanization and sustained economic growth around the world are leading to increased investment in the rail and transit sectors to improve the quality of public transport. Governments of various Asia-Pacific countries, such as China, Singapore, Malaysia, and Thailand, are implementing new rail projects and improving and expanding their existing rail infrastructure to improve their general rail links. The introduction of high-speed rail transport (HSR) is increasing significantly as the number of passengers in HSR-operated countries increases and modes of transport is improved.

Increasing urbanization promotes the development of smart cities. Governments from different regions have begun to launch smart city projects to provide better infrastructures, services and accelerate operational activities in public and transport services (including railways and roads). For example, in 2016, the Indian government proposed 109 smart city projects in India's main cities. It is expected that the growing number of Smart City projects around the world will stimulate the growth of rolling stock and supporting infrastructure. The reason for this is that people in several countries prefer alternative means of transport, such as: As railway prefer, instead of traveling in heavy traffic with passenger vehicles.

Market Taxonomy:

By Application:

  • HVAC
  • Lighting Harness
  • Brake Harness
  • Traction System Harness
  • Engine Harness
  • Infotainment
  • Others

By Cable Type:

  • Power Cable
  • Transmission Cable
  • Jumper Cable
  • Others

By Component:

  • Wires
  • Connectors
  • Terminals
  • Others

By Material:

  • Copper
  • Aluminum
  • Others

By Voltage:

  • Low Voltage
  • Medium Voltage
  • High Voltage

By Train Type:

  • Metro/Monorail
  • Light Rail
  • High-speed Rail/Bullet Train

Key participants:

The ecosystem of the railway wiring harness market consists of manufacturers such as Furukawa (Japan), Leoni (Germany), Hitachi (Japan), Nexans (France), and Prysmian (Italy).

Highlights of the research report:

  • The study provides a detailed analysis of Railway Wiring Harness Market, using current trends and future estimates to illustrate the next investment pockets.
  • Provides a quantitative analysis from 2018 to 2023 to allow interested parties to take advantage of prevailing market opportunities.
  • Complete market analysis helps to understand different trends and opportunities.
  • To identify key opportunities in these areas, a complete geographic analysis will be provided.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Railway Wiring Harness Market, By Application                          

                                6.1.1 HVAC         

                                6.1.2 Lighting Harness   

                                6.1.3 Brake Harness       

                                6.1.4 Traction System Harness   

                                6.1.5 Engine Harness     

                                6.1.6 Infotainment         

                                6.1.7 Others      

                                6.1.8 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.9 Y-o-Y Growth Rate Analysis             

                                6.1.10 Market Attractiveness Index        

                6.2 Railway Wiring Harness Market, By Cable Type                           

                                6.2.1 Power Cable           

                                6.2.2 Transmission Cable              

                                6.2.3 Jumper Cable         

                                6.2.4 Others      

                                6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Railway Wiring Harness Market, By Component                         

                                6.3.1 Wires         

                                6.3.2 Connectors             

                                6.3.3 Terminals 

                                6.3.4 Others      

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

                6.4 Railway Wiring Harness Market, By Material                

                                6.4.1 Copper     

                                6.4.2 Aluminum

                                6.4.3 Others      

                                6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.5 Y-o-Y Growth Rate Analysis             

                                6.4.6 Market Attractiveness Index          

                6.5 Railway Wiring Harness Market, By Voltage                 

                                6.5.1 Low Voltage           

                                6.5.2 Medium Voltage  

                                6.5.3 High Voltage           

                                6.5.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.5.5 Y-o-Y Growth Rate Analysis             

                                6.5.6 Market Attractiveness Index          

                6.6 Railway Wiring Harness Market, By Train Type                            

                                6.6.1 Metro/Mono Rail 

                                6.6.2 Light Rail   

                                6.6.3 High-Speed Rail/Bullet Train            

                                6.6.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.6.5 Y-o-Y Growth Rate Analysis             

                                6.6.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Application        

                                7.2.3 By Cable Type        

                                7.2.4 By Component      

                                7.2.5 By Material             

                                7.2.6 By Voltage               

                                7.2.7 By Train Type         

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Application        

                                7.3.3 By Cable Type        

                                7.3.4 By Component      

                                7.3.5 By Material             

                                7.3.6 By Voltage               

                                7.3.7 By Train Type         

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Application        

                                7.4.3 By Cable Type        

                                7.4.4 By Component      

                                7.4.5 By Material             

                                7.4.6 By Voltage               

                                7.4.7 By Train Type         

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Application        

                                7.5.3 By Cable Type        

                                7.5.4 By Component      

                                7.5.5 By Material             

                                7.5.6 By Voltage               

                                7.5.7 By Train Type         

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Application        

                                7.6.3 By Cable Type        

                                7.6.4 By Component      

                                7.6.5 By Material             

                                7.6.6 By Voltage               

                                7.6.7 By Train Type         

8. Key Player Analysis                                    

                8.1 Furukawa                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Leoni                             

                8.3 Hitachi                          

                8.4 Nexans                         

                8.5 Prysmian                     

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product Type,  By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Railway Wiring Harness Market By Region, From 2018-2023 ( USD Billion )
  2. Global Railway Wiring Harness Market By Application, From 2018-2023 ( USD Billion )
  3. Global HVAC Market By Region, From 2018-2023 ( USD Billion )
  4. Global Lighting Harness Market By Region, From 2018-2023 ( USD Billion )
  5. Global Brake Harness Market By Region, From 2018-2023 ( USD Billion )
  6. Global Traction System Harness Market By Region, From 2018-2023 ( USD Billion )
  7. Global Engine Harness Market By Region, From 2018-2023 ( USD Billion )
  8. Global Infotainment Market By Region, From 2018-2023 ( USD Billion )
  9. Global Others Market By Region, From 2018-2023 ( USD Billion )
  10. Global Railway Wiring Harness Market By Cable Type, From 2018-2023 ( USD Billion )
  11. Global Power Cable Market By Region, From 2018-2023 ( USD Billion )
  12. Global Transmission Cable Market By Region, From 2018-2023 ( USD Billion )
  13. Global Jumper Cable Market By Region, From 2018-2023 ( USD Billion )
  14. Global Others Market By Region, From 2018-2023 ( USD Billion )
  15. Global Railway Wiring Harness Market By Component, From 2018-2023 ( USD Billion )
  16. Global Wires Market By Region, From 2018-2023 ( USD Billion )
  17. Global Connectors Market By Region, From 2018-2023 ( USD Billion )
  18. Global Terminals Market By Region, From 2018-2023 ( USD Billion )
  19. Global Others Market By Region, From 2018-2023 ( USD Billion )
  20. Global Railway Wiring Harness Market By Material, From 2018-2023 ( USD Billion )
  21. Global Copper Market By Region, From 2018-2023 ( USD Billion )
  22. Global Aluminum Market By Region, From 2018-2023 ( USD Billion )
  23. Global Others Market By Region, From 2018-2023 ( USD Billion )
  24. Global Railway Wiring Harness Market By Voltage, From 2018-2023 ( USD Billion )
  25. Global Low Voltage Market By Region, From 2018-2023 ( USD Billion )
  26. Global Medium Voltage Market By Region, From 2018-2023 ( USD Billion )
  27. Global High Voltage Market By Region, From 2018-2023 ( USD Billion )
  28. Global Railway Wiring Harness Market By Train Type, From 2018-2023 ( USD Billion )
  29. Global Metro/Monorail Market By Region, From 2018-2023 ( USD Billion )
  30. Global Light Rail Market By Region, From 2018-2023 ( USD Billion )
  31. Global High -Speed Rail/Bullet Train Market By Region, From 2018-2023 ( USD Billion )

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